Becoming limited partner

805 ILCS 215/301, under Limited Partners.

805 ILCS 215/301

(805 ILCS 215/301)

    Sec. 301. Becoming limited partner. A person becomes a limited partner:         (1) as provided in the partnership agreement;         (2) as the result of a conversion or merger under     Article 11; or        (3) with the consent of all the partners.

(Source: P.A. 93-967, eff. 1-1-05.)